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BOSTON--(BUSINESS WIRE)-- EngageSmart, Inc. (NYSE: ESMT), a prominent provider of customer engagement software and integrated payments solutions, announced its participation in the Raymond James 2023 Institutional Investors Conference in Orlando, Florida. CEO Bob Bennett will present on March 8, 2023, at 8:05 a.m. ET, with investor meetings scheduled throughout the day. A live webcast of the presentation will be available and later archived on EngageSmart’s investor relations website. The company serves 99,300 customers in SMB Solutions and 3,300 in Enterprise Solutions across various sectors, including Health, Government, and Financial Services.
EngageSmart, Inc. (NYSE: ESMT) announced a public offering of 8,000,000 shares of common stock at $19.00 per share, with all proceeds going to selling stockholders, including affiliates of General Atlantic and Summit Partners. The underwriters have a 30-day option to purchase an additional 1,200,000 shares. EngageSmart will not receive any proceeds from this offering. The offering is expected to close on March 3, 2023, subject to customary conditions. Leading financial institutions, including Goldman Sachs and J.P. Morgan, are managing the offering under an automatic shelf registration statement filed with the SEC.
EngageSmart, Inc. (NYSE: ESMT) announced a proposed public offering of 8,000,000 shares of common stock by certain stockholders, including affiliates of General Atlantic and Summit Partners. The offering includes a 30-day option for underwriters to purchase an additional 1,200,000 shares at the public offering price. EngageSmart will not sell any shares in this offering and will not receive proceeds. The offering is subject to market conditions. Goldman Sachs, J.P. Morgan, BofA Securities, and Citigroup are acting as joint book-running managers. Further details will be available in a prospectus filed with the SEC.
EngageSmart, Inc. (NYSE: ESMT) has appointed Mark Daoust as Chief Customer Officer for Enterprise Solutions, tasked with enhancing customer success across its platforms including InvoiceCloud, HealthPay24, and DonorDrive. With over 25 years in enterprise technology, Daoust previously led customer success initiatives at Quickbase, boosting ARR from $80 million to $180 million. EngageSmart serves over 99,300 customers in its SMB segment and 3,300 in Enterprise Solutions, focusing on simplifying customer engagement and payment processes.
EngageSmart (NYSE: ESMT) reported strong financial results for FY 2022, with revenues of $303.9 million, up 41% year-over-year. The company achieved a net income of $20.6 million and Adjusted EBITDA of $49.3 million. In Q4 2022, total revenue rose to $83.9 million, a 36% increase, driven by SMB revenue growth of 45% and Enterprise revenue growth of 27%. Customer growth was robust, with a 24% increase in total customers, reaching 102,700. The guidance for Q1 2023 suggests revenue between $86.0 million and $87.0 million and Adjusted EBITDA between $13.5 million and $14.0 million.
DEVNET and InvoiceCloud, a solution of EngageSmart (NYSE: ESMT), launched an integrated system for digital tax payments, addressing the growing demand for modern payment solutions. An InvoiceCloud survey found that 50% of respondents are more inclined to make digital payments post-COVID-19. This collaboration allows tax organizations to offer various payment methods, including digital wallets and PayPal, while automating processes for efficiency. Currently operational in Illinois, Missouri, and North Carolina, the initiative aims for broader deployment across multiple states, enhancing taxpayer engagement and reducing costs for local governments.
EngageSmart, Inc. (NYSE: ESMT) is set to release its fourth quarter and full year 2022 financial results on February 9, 2023, before market opening. A conference call is scheduled at 8:30 a.m. ET to discuss the results, which will be available for live webcast via the company's investor relations website. As of September 30, 2022, EngageSmart serves 94,500 customers in the SMB Solutions segment and 3,300 in the Enterprise Solutions segment across various sectors. For further information, visit engagesmart.com.
The City of Port St. Lucie has launched a new digital payment portal using InvoiceCloud, an EngageSmart solution for utility customers. The platform, which went live on December 13, provides over 90,000 customers with various payment methods such as digital wallets and PayPal. This upgrade allows for improved self-service options like AutoPay and paperless billing. The new system is integrated with existing software, saving employee time and reducing costs due to the absence of maintenance fees. The City aims to enhance customer engagement and streamline operations.
